Anchorage Alaska Real Estate Outlook: Sellers Most Optimistic
by Dan Wolf
on Thursday, February 5th, 2015 at 7:39am.
When it comes to buying or selling a home in Anchorage, Alaska, there’s a lot of activity and movement as move-up buyers trade up to better digs. Overall, the Anchorage Alaska real estate outlook is rosy because of low-interest rates and a favorable lending environment. According to a recent article by Time, the housing outlook is most positive for sellers. Experts say homes are no longer undervalued. Most sellers in Anchorage aren’t upset that investor interest is waning since most investors don’t pay top dollar anyway for a home.
• A great time to sell
According to a survey conducted by Time, consumers think it’s a good time to sell a home. Seventy-four percent of adults surveyed said that owning a home is still part of their personal definition of the American Dream. Seventy-eight percent of people age 18 to 34 (part of the millennial generation) said owning a home is a way of achieving the American Dream, which was up substantially compared to the low of 65 percent in 2011. The fact that many more young people are overcoming their cynicism about the benefits of home ownership and that 93 percent intend to buy a home further helps the seller’s position.
• A great time to buy
For people who want to buy their first home, there are many positive factors on their side. Fannie Mae and Freddie Mac now offer a 3 percent down payment program for first-time homebuyers. Some of the barriers to home ownership mentioned by those surveyed by Time include difficulty saving for a down payment, lack of job stability and home affordability or high home prices. In Anchorage, Alaska, some of the more affordable options for first-time buyers include townhouses, villas or patio homes and condos. An experienced Anchorage Realtor can also help you find a short sale or Anchorage foreclosure, although the inventory of distressed home is rapidly decreasing.
According to national housing experts, some of the housing trends people can expect this year include a slowdown in price gains as the rebound effect of the housing boom and housing decline begins to fade. Because it's a balanced real estate market, it's a good time to buy or sell.
At Wolf Real Estate, we love working with longtime residents of Alaska as well as young professionals and retirees relocating to Alaska for the first time. For more information on our services and the latest trends with Anchorage Alaska real estate, please contact us at 248-9653 or visit us online at www.anchoragehomesearch.com.